ACQUISITIONS, GOODWILL, AND OTHER INTANGIBLE ASSETS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Business Acquisitions |
The following table provides a summary of the purchase price consideration transferred for the acquisition of NMP. | | | | | | | Purchase consideration | Cash consideration, net of cash acquired | $ | 271 | | Fair value of previously held interest in NMP | 301 | | Fair value of contingent consideration | 5 | | Total allocable purchase price | $ | 577 | |
The preliminary fair values of the assets and liabilities assumed in connection with the acquisition of NMP are as follows. | | | | | | | Preliminary allocation | Receivables | $ | 53 | | Inventories | 9 | | All other current assets(1) | 35 | | Property, plant, and equipment | 240 | | Goodwill | 220 | | Other intangible assets | 235 | | All other non-current assets | 39 | | Deferred income taxes | (81) | | All other non-current liabilities | (145) | | Other(2) | (28) | | Total net assets post acquisition | $ | 577 | |
(1) All other current assets includes $35 million of indemnification assets, with the underlying indemnified liabilities recorded in All other non-current liabilities. (2) Other includes Accounts payable, All other current liabilities, and Current compensation and benefits.
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| Schedule of Goodwill |
| | | | | | | | | | | | | | | | | | | Imaging | AVS | PCS | PDx | Total | Balance at December 31, 2023 | $ | 4,431 | | $ | 3,933 | | $ | 2,038 | | $ | 2,534 | | $ | 12,936 | | Reallocation | (1,031) | | 1,031 | | — | | — | | — | | Acquisitions(1) | 194 | | 42 | | — | | — | | 236 | | | Foreign currency exchange and other | (13) | | (19) | | (3) | | (1) | | (36) | | Balance at December 31, 2024 | 3,581 | | 4,987 | | 2,035 | | 2,533 | | 13,136 | | Acquisitions(2) | 81 | | — | | — | | 220 | | 301 | | | Foreign currency exchange and other | 20 | | 33 | | 6 | | (8) | | 51 | | Balance at December 31, 2025 | $ | 3,682 | | $ | 5,020 | | $ | 2,041 | | $ | 2,745 | | $ | 13,489 | |
(1) Includes the purchase of MIM Software recorded within our Imaging segment, as described above, and Intelligent Ultrasound Group PLC in our AVS segment. (2) Includes the purchase of icometrix, as described above, and Spectronic Medical AB, both recorded within our Imaging segment. Also included is the purchase of NMP, as described above, recorded within our PDx segment.
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| Schedule of Finite-Lived Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | As of December 31, 2024 | | Gross Carrying Amount | Accumulated Amortization | Net | | Gross Carrying Amount | Accumulated Amortization | Net | | Definite-lived assets | | | | | | | | | Customer-related | $ | 279 | | $ | (43) | | $ | 236 | | | $ | 112 | | $ | (24) | | $ | 88 | | | Patents and technology | 2,698 | | (2,128) | | 570 | | | 2,593 | | (1,987) | | 606 | | | Capitalized software | 1,703 | | (1,470) | | 233 | | | 1,743 | | (1,437) | | 306 | | | Trademarks and other | 47 | | (31) | | 15 | | | 33 | | (29) | | 4 | | | Total definite-lived assets | 4,727 | | (3,672) | | 1,055 | | | 4,481 | | (3,477) | | 1,004 | | Indefinite-lived assets(1) | 75 | | — | | 75 | | | 74 | | — | | 74 | | | Total other intangible assets | $ | 4,802 | | $ | (3,672) | | $ | 1,130 | | | $ | 4,555 | | $ | (3,477) | | $ | 1,078 | |
(1) Indefinite-lived intangible assets relate to acquired IPR&D prior to project completion and are not amortized.
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| Schedule of Indefinite-Lived Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | As of December 31, 2024 | | Gross Carrying Amount | Accumulated Amortization | Net | | Gross Carrying Amount | Accumulated Amortization | Net | | Definite-lived assets | | | | | | | | | Customer-related | $ | 279 | | $ | (43) | | $ | 236 | | | $ | 112 | | $ | (24) | | $ | 88 | | | Patents and technology | 2,698 | | (2,128) | | 570 | | | 2,593 | | (1,987) | | 606 | | | Capitalized software | 1,703 | | (1,470) | | 233 | | | 1,743 | | (1,437) | | 306 | | | Trademarks and other | 47 | | (31) | | 15 | | | 33 | | (29) | | 4 | | | Total definite-lived assets | 4,727 | | (3,672) | | 1,055 | | | 4,481 | | (3,477) | | 1,004 | | Indefinite-lived assets(1) | 75 | | — | | 75 | | | 74 | | — | | 74 | | | Total other intangible assets | $ | 4,802 | | $ | (3,672) | | $ | 1,130 | | | $ | 4,555 | | $ | (3,477) | | $ | 1,078 | |
(1) Indefinite-lived intangible assets relate to acquired IPR&D prior to project completion and are not amortized.
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| Schedule of Pre-tax Amortization Expense for Intangible Assets |
Estimated annual pre-tax amortization expense for intangible assets as of December 31, 2025 over the next five calendar years is as follows. | | | | | | | | | | | | | | | | | | | 2026 | 2027 | 2028 | 2029 | 2030 | | Estimated annual pre-tax amortization | $ | 259 | | $ | 178 | | $ | 127 | | $ | 108 | | $ | 93 | |
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